HomeMy WebLinkAboutCC Reso 2024-31 - FY 24-25 Appropriations Limit (Gann) RESOLUTION NO. 2024- 31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE
FISCAL YEAR 2024-25 APPROPRIATIONS LIMIT FOR THE CITY OF UKIAH
WHEREAS, pursuant to Govemment Code Section 7910, the City Council must, by resolution
establish its appropriations limit for each fiscal year. F
NOW, THEREFORE, BE IT RESOLVED THAT the appropriations limit for the City of Ukiah for
the 2024-25 Fiscal Year shall be fifty-five million, one hundred forty-four thousand, nine hundred
seventy-five dollars ($55,144,975). The appropriations subject to this limit are estimated to be
nineteen million, six hundred seven thousand, five hundred twenty-four dollars ($19,607,524).
PASSED AND ADOPTED this 191h day of June 2024, by the following roll call vote:
AYES: Councilmembers Rodin, Orozco, Crane, and Mayor Duenas
NOES: None
ABSENT: Councilmember Sher
ABSTAIN: None
o,,
Josefif Du as, Vic0ayor
ATTEST:
Kristine Lawler, City er
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EXHIBIT A
Gann Limit Calculation
FY 2024-25
Per Capita Cost of Living Change = 3.62 percent
Population Change(l) - -0.08 percent
Per Capita Cost of Living converted to a ratio: 3.62+ 100 = 1.0362 (a)
100
Population converted to a ratio: -0.08+ 100 = 0,9992 (b)
100
Calculation of factor for FY 2024-25: (a) x (b) = 1.0354 (c)
Appropriations Limit, Fiscal Year 2023-24 $ 53,261,075 (d)
Appropriations Limit, Fiscal Year 2024-25 $ 55,144,975
f(c) x (d)]
FY 2024-25 appropriations subject to Gann Limit
Tax Revenue Budget Estimates
Property tax $ 3,888,230
Sales tax (1.0% Bradley-Burns) 6,800,143
Measure S/P District Tax 3,445,888
Measure Y District Tax 3,383,024
Transient Occupancy Taxes (TOT) 1,562,500
Business license tax 510,500
Other governmental taxes 800
Interest earning from taxes 16,439
$ 19,607,524
Percentage Use of Appropriations Limit 35.56%
(1)When calculating its appropriation limit,the City may use either the change in population for the City or
Mendocino County as a whole.
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